It was built in 2005 and the L.A. Times
reports it initially listed at $8.75 million. Bieber's real estate agent did some smooth talking to get the price down. The place sounds worth the money though, as it includes a swimming pool (naturally), a wine cellar, library, a movie theatre, a guest home, 7 bedrooms and 8 bathrooms. The former wife of comic actor Eddie Murphy, Nichole Murphy, formerly owned Bieber's new home.
Money-making Justin Bieber
Bieber, who Forbes
magazine said raked in $53 million in the year 2010 alone, has earned much of his loot with albums like 'My World' and 'Under the Mistletoe' and his 3D biopic 'Justin Bieber: Never Say Never'. He has also made a fortune in Bieber products such as clothes and fragrances, and in touring.
Bieber's new album 'Believe' is being released in North America on June 19. To date there is no word on when he'll be settled in at his new home.